Fmr LLC Raises Position in Gartner, Inc. (NYSE:IT)

FMR LLC raised its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,822,122 shares of the information technology services provider's stock after purchasing an additional 223,087 shares during the period. FMR LLC owned 3.66% of Gartner worth $1,367,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Gartner by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after purchasing an additional 100,917 shares during the last quarter. Geode Capital Management LLC boosted its position in Gartner by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after acquiring an additional 45,219 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Gartner by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock worth $975,141,000 after acquiring an additional 11,657 shares during the period. Wellington Management Group LLP grew its holdings in Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock worth $805,192,000 after acquiring an additional 187,854 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock worth $525,272,000 after acquiring an additional 70,236 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, Barclays cut their price objective on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Gartner has a consensus rating of "Hold" and a consensus price target of $518.00.

Gartner Stock Up 2.0 %

NYSE IT traded up $7.81 during trading hours on Friday, hitting $399.84. The company's stock had a trading volume of 574,913 shares, compared to its average volume of 449,470. The company has a market capitalization of $30.71 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company's 50-day simple moving average is $461.38 and its two-hundred day simple moving average is $496.34.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $3.04 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.